InvestorsHub Logo
Followers 29
Posts 992
Boards Moderated 0
Alias Born 01/12/2005

Re: silversmith post# 62163

Monday, 10/29/2018 7:42:40 PM

Monday, October 29, 2018 7:42:40 PM

Post# of 81998
It's always fun to look at the other side of the coin with Silver's posts. I'm not a chart reader so Silver may very well have something with his longer term predictions. I do know a couple of facts for certain, which will tend to dampen the upward movement of the stock. It's a certainty that SGLB will once again report a loss (whether it's less or more of a loss than previous quarters remains to be seen).

The stock price has historically gone up in anticipation of each conference call with the expectation (hope) that some significantly positive news will be announced during the call. SGLB is required by law to announce significant events (positive or negative within a very short window of when they occur. No announcements, therefore no significantly positive news. You also have the drag on the stock price from year end tax selling. All told, Silver's rosy outlook could possibly be spot-on but in my humble opinion significant sales gains resulting in a profitable quarter is the only thing that is going to move the price upward in a sustainable manner. Just my two cents.
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent SASI News